Many people have offices in their homes or operate home-based businesses. They need to understand Homeowners policies' exclusions and limitations regarding business property and liability.
Homeowners policies usually exclude Liability coverage for claims resulting from the policyholder's business pursuits -- whether or not you have a business or office in your home. The policies also limit coverage for business property owned by the insured. Limits vary by company but are typically $2,500 at your residence and $500 for business property away form your premises.
Many people use personally owned laptop or tablets in their businesses. Laptops and tablets in cars are an easy target for thieves. Homeowners policies offer optional endorsements to address these issues.
Please contact our office to discuss this matter further.
Call 614-459-6500 and ask for Dan!
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